Virtuix Signs $12M Letter of Intent to Acquire Defense Contractor STS International

Virtuix Holdings, a developer of full-body simulation systems, has announced a non-binding letter of intent to acquire STS International, an Arlington, Virginia-based defense technology and services company headquartered near the Pentagon. STS has an established presence in the U.S. defense and federal government markets and reported approximately $40 million in unaudited, cash-basis revenue for the 10 months ending October 31, 2026. The proposed acquisition could expand Virtuix’s presence in the defense technology sector and federal government contracting.

Under the proposed agreement, Virtuix would acquire 100% of STS International’s outstanding equity interests for base consideration of $12 million, consisting of a combination of cash and equity, on a debt-free, cash-free basis. The companies are targeting a closing before March 31, 2027, subject to conditions including audited financial statements. The transaction remains non-binding, and STS’s reported financial results have not been independently audited and may change materially following review.

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